First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide

Posted on by American Coins & Gold

First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide
Good morning. Here’s what’s happening:Market moves: Bitcoin’s price slid in tandem with tech stocks.Technician’s take: BTC downside could persist into the Asia trading day; support around $40K.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $42,581 -3.2%Ether (ETH): $3,250 -3.5%MarketsS&P 500: $4,659 -1.4%DJIA: $36,113 -0.4%Nasdaq: $14,806 -2.5%Gold: $1,822 -0.1%Market movesBitcoin (BTC) slid on Thursday, erasing the prior day’s gains but staying within the past few weeks’ trading range of roughly $40,000 to $44,000.News in the market included a potential ban on the use of cryptocurrencies in Pakistan along with signs that bitcoin…